With the price of a college education increasing at a rapid pace, it has become even more important to plan ahead. There are several college savings vehicles available: 529, Guaranteed Education Tuition (GET), Education Savings Account (ESA) and UTMA/UGMA are the most popular. It would be easy if one college savings vehicle worked for everyone, but unfortunately that is not the case. We understand the differences between the college savings vehicles and are here to help guide you through the process.
It is never too early to start planning for your child’s college education. In fact, the best time to start is before they arrive!
Even if you only have a couple years prior to your child entering college, it isn’t too late to begin. You might not have a lot of time on your side, but you are still far better off with a well thought out plan.
You do not have to be wealthy to make informed, intelligent decisions when saving for your child’s college education. Please contact Jed Sires, CFP® when you would like help picking the best college savings plan for your family.